Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,900,046,231 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

partial taking

    0.01 sec.
partial taking

A condemnation of only part of a parcel of land. Often, if there is a partial taking, then the condemning authority will also have to pay damages for the decrease in value to the remaining portion. For example, if the partial taking resulted in the city gaining most of a store's parking lot,then the store itself will probably suffer a loss of revenues because customers can't find parking.The property not taken will have decreased in value because of the partial taking.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
In addition, a condemning authority can seek a partial taking or a whole taking, the difference being that a partial taking involves acquiring an interest in less than the entire parcel of real property owned, while a whole taking involves acquiring an interest in the entire parcel.
In a partial taking it is possible for the highest and best use after the taking to differ from the highest and best use before the taking, depending on the nature of the scheme or project and its impact on the remainder.
For example, Michigan condemnation law permits recovery for damages incurred to avoid business interruption, damages for going out of business as a result of a taking and damages to property remaining after a partial taking.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.